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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (90161)1/5/2008 12:59:55 PM
From: GST  Read Replies (2) | Respond to of 110194
 
The fall in housing prices is one of the best understood processes in our economy. The issue is not why are they falling but when will they stop falling. The same would be true if we were in a bear market for stocks -- people would buy stocks but at what price? Houses in Danville (CA) are not at levels that are attractive -- same with New York and many other places. Housing bear markets can easily last 5 to 10 years or even more. Buying early in a bear market and using lots of leverage is, well, kind of stupid.



To: Pogeu Mahone who wrote (90161)1/5/2008 7:10:15 PM
From: sea_biscuit  Read Replies (1) | Respond to of 110194
 
Peter Schiff (who had his clients shorting subprime mortgages at a time when the nation was going ga-ga over the housing bubble) has said that nationwide, the declines could be 30% or more and in some areas, housing prices could collapse by 50% or more.

In short, according to Schiff, we are still in the very early days of the housing bubble collapse.


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